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Reported comments from US Trump at a....>

EURO-DOLLAR
MNI (London)
EURO-DOLLAR: Reported comments from US Trump at a campaign rally in Florida last
night, stated that Chinese leaders had 'broke the deal', provided another knock
to risk which pressed Asian equities lower. USD and JPY made gains though rates
remained stuck within recent ranges. EUR/USD, which had edged toward $1.1200 in
early Asia (extending recovery off its late NY low of $1.1183) was knocked back
to $1.1186 before it again met decent support said to be placed between
$1.1190/80. Rate recovered to $1.1197, holding just of its earlier high of
$1.1198, but was seen holding firm in early Europe. Traders note option expiries
for today's NY cut at $1.1150(E1.02bln), $1.1175-85(E2.34bn), $1.1200(E1.54bln),
$1.1245-50(E2.17bln), $1.1295-00(E1.87bln) and likely to help keep rate within
recent ranges. 
- Support $1.1180, $1.1167, $1.1150. Resistance $1.1200, stronger into $1.1220.
- A light EZ calendar Thursday. Focus on US PPI, Trade and Weekly Jobless
Claims. Fed Powell, Bostic and Evans to speak.  
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com

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